Party Time:
I appreciate your efforts to be fairminded, and you have raised an issue which is at the center of this debate.
Suddenly, out of nowhere, with no warning, a short horde strikes like gangbusters with an organized reign of confusion and distortion, heaping insult, all manner of truth, credibility and care cast aside........However, don't be so hard on those who've in the past been hurt by his actions. As much as Anthony now has feelings while languishing in jail, many of the folks who suffered from his shorting attacks also had feelings while langushing in the stocks he so vociferously
I contributed a lot of internet research on these stocks that Tony shorted on the private site and on SI. I am intimately familiar with many of them.
I could prove in a court of law that many of these stock were fraudulently promoted in the most blatant and egregious fashion. Over and over, you can see the SEC litigating against stock fraud by longs, and almost never by shorts.
The injury was done by the promoters, not by the short-sellers. The short-sellers often used the most crass street language and methods in exposing the truth to the long shareholders - methods I myself never used.
However, bad language is not a crime. With rare exception, the short-sellers statements were factual. No long wants to hear he made a stupid investment mistake, so the message is not welcome, particularly when presented so brashly.
Putting the truth out into the public sphere prevents promoters from selling even more worthless paper to innocent investors. Yes, the ones who already bought are hurt, but they would lose that money eventually anyway, or those to whom they sold their worthless paper would suffer anyway.
PartyTime, I truly believe you are not fully cognizant of how rife stock fraud is out there - it is ceaseless. Every day I find another fraudulently promoted stock - i swear.
I remember when the scope of this crime wave dawned on me a couple of years back. I was shocked, disbelieving - but it is there.
Tony is an incredibly bad mannered guy, but I do think that on the whole he helped people way more than he hurt them.
Best to you, Peter |
